Australia’s Small Employers to Use Single Touch Payroll

Starting July 1, employers in Australia with fewer than 20 employees are to use the Single Touch Payroll (STP) data-processing system to report payroll data on a real-time basis when paying employees.

Employers with at least 20 employees as of April 1, 2018, were required since July 1, 2018, to use STP, which involves submitting tax and superannuation data through government-approved software with STP capability.

Under Treasury Laws Amendment (2018 Measures No.4) Bill 2019, which the Parliament of Australia passed Feb. 12, 2019, after its introduction almost a year earlier in March 2018, the STP reporting requirement was expanded ...